Carney Touts BOE Actions in Aiding U.K. Economy

The transcript discusses the Bank of England's actions to stabilize financial conditions post-Brexit, including potential rate cuts. It highlights the uncertainty in economic forecasts due to political issues and the impact of a weak British pound. The discussion also covers the recession risks and the importance of monitoring unemployment and business investment.

What was the primary reason for the Bank of England's timely actions post-Brexit?

• To decrease unemployment

• To stabilize financial conditions

• To boost exports

• To increase inflation

How did the Bank of England respond immediately after Brexit?

• By providing liquidity

• By cutting taxes

• By increasing interest rates

• By reducing government spending

What economic indicators are crucial to monitor post-Brexit according to the discussion?

• Government spending and taxation

• Interest rates and housing market

• Unemployment and business investment

• Inflation and exports

What is the expected impact of the British pound's weakness on the deficit?

• Reduce the deficit to less than 4% of GDP

• Double the deficit

• Increase the deficit to over 10%

• Have no impact on the deficit

What challenge does the Bank of England face in forecasting future economic conditions?

• Fluctuating interest rates

• Inaccurate unemployment figures

• Uncertainty in political issues

• Lack of data on inflation